World Bank removes critical section from China report

The World Bank has removed a critical portion from a recently released report on China's economy, saying the section had not been
5 July 2015, 18:00 PM

Dhaka Bank celebrates 20 years of operation

Dhaka Bank celebrated 20 years of its operation in Bangladesh through a slew of festive and charitable activities.
5 July 2015, 18:00 PM

15 firms seek large loan rescheduling facility

Fifteen conglomerates, including Beximco, have appealed to Bangladesh Bank for long-term loan rescheduling under the central bank's
2 July 2015, 18:00 PM

Banks' profits rise slightly

Most private banks saw their profits rise, though slightly, in the first six months this year despite political unrest and a cut in lending rates.
1 July 2015, 18:00 PM

BB toughens anti-money laundering steps for non-banks

Bangladesh Bank has tightened its rules for non-bank financial institutions against money laundering and terrorist financing, aiming to effectively check the menace.
1 July 2015, 18:00 PM

Plastic money keeps growing

The use of plastic money rose 5.5 percent in the third quarter of fiscal 2014-15 from the previous quarter as local consumers continue
30 June 2015, 18:00 PM

WB gives $473m for financial sector, disaster resilience

Bangladesh will get $473 million from the World Bank to build a strong financial sector and develop long-term disaster resilience in the
30 June 2015, 18:00 PM

Greece banking shutdown sparks global markets slump

World markets tumbled Monday as Greece shut its banks and imposed capital controls to halt a panic-driven run on ATMs, a day before
29 June 2015, 18:00 PM

Banks baffled by BB rewards for good borrowers

Banks have been puzzled by a central bank directive that asked them to incentivise good borrowers with a 10 percent rebate on the
29 June 2015, 18:00 PM

National Bank of Pakistan gets new country manager

Md Quamruzzaman has been appointed country manager of National Bank of Pakistan in Bangladesh, it said in a statement yesterday.
28 June 2015, 18:00 PM

Forex reserves cross $25b

Bangladesh's foreign currency reserves crossed $25 billion yesterday, setting a new record.
25 June 2015, 18:00 PM

Europe's bankers fear Brexit more than Grexit

The possibility of Britain leaving the European Union sometime in the future worries European bankers a great deal more than the
25 June 2015, 18:00 PM

Brac records robust growth in microloans

Brac's microcredit disbursement among the poor grew 28 percent year-on-year in 2014.
23 June 2015, 18:00 PM

China manufacturing activity contracts in June: HSBC

China's manufacturing activity contracted for the fourth straight month in June as demand remained sluggish in the world's second-
23 June 2015, 18:00 PM

ADB to double lending to Bangladesh

The Asian Development Bank will more than double its lending to Bangladesh over the next three years, attaching priority to connectivity projects linking the country to India, Nepal and Bhutan.
22 June 2015, 18:00 PM

New rules for private equity and venture capital firms

Bangladesh Securities and Exchange Commission yesterday approved new rules for private equity and venture capital firms so that they can pool funds and make equity investment in non-listed companies.
22 June 2015, 18:00 PM

BB takes action against 20 officials for protests

The central bank yesterday moved to take action against its 20 officials who led a demonstration to protest a decision to hire a general manager on a contractual basis for the Financial Intelligence Unit.
22 June 2015, 18:00 PM

Mobile cash transfer hits $1.4b a month

The country's mobile banking sector continues to grow exponentially, scaling a new height in February, according to a study by the
21 June 2015, 18:00 PM

Banks face daunting task of getting new business

Getting new business has become the biggest challenge for banks now as companies have been suffering from aftershocks of the prolonged political turmoil in 2013 and the first quarter of this year.
17 June 2015, 18:00 PM

Debit card market has huge scope to grow

When the world is evolving towards a cashless society, Bangladesh falls behind others in digital payment system.
16 June 2015, 18:00 PM